NO SHOWINGS UNTIL ACCEPTED CONTRACT!! DO NOT DISTURB TENANTS. Excellent multi-family income property for sale! 5 total rental units on this property. There is 2 buildings. 1.) 1980 3-plex at 1,802 sq/ft 2.) 1940 2-plex 792 sq/ft. There is 2 studios, 1 (1 bedroom & 1 bath) & 2 (2 bedroom & 1 bath) units. Large lot at .33 acres gives lots of additional potential for a buyer. Off street parking too! Just south of UofA! Rents currently below market value with room to improve! Actual CAP rate is 5%. Estimated Proforma CAP Rate is 6.9% when adjusting rents to estimated current market value.
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